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According to the accounting association, 30% of all CPA financial advisors have an average client size between $250,000 and $500,000. 37% percent have an average client size between $500,000 and $1 million. Suppose a complete list of all CPA financial advisors is available and 16 are randomly selected from that list. What is the expected number of CPA financial advisors that have an average client size between $500,000 and $1 million? Round your answer to 2 decimal places. What is the variance number with an average client size between $250,000 and $500,000? Round your answer to 2 decimal places. What is the probability that at least eight CPA financial advisors have an average client size between $250,000 and $500,000? Round your answer to 4 decimal places. What is the probability that none have an average client size between $500,000 and $1 million? Round your answer to 4 decimal places.

According to the accounting association, 30% of all CPA financial advisors have an average client size between $250,000 and $500,000. 37% percent have an average client size between $500,000 and $1 million. Suppose a complete list of all CPA financial advisors is available and 16 are randomly selected from that list. What is the expected number of CPA financial advisors that have an average client size between $500,000 and $1 million? Round your answer to 2 decimal places. What is the variance number with an average client size between $250,000 and $500,000? Round your answer to 2 decimal places. What is the probability that at least eight CPA financial advisors have an average client size between $250,000 and $500,000? Round your answer to 4 decimal places. What is the probability that none have an average client size between $500,000 and $1 million? Round your answer to 4 decimal places.

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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According to the accounting association, 30% of all CPA financial advisors have an average client size between $250,000 and $500,000. 37% percent have an average client size between $500,000 and $1 million. Suppose a complete list of all CPA financial advisors is available and 16 are randomly selected from that list. What is the expected number of CPA financial advisors that have an average client size between $500,000 and $1 million? Round your answer to 2 decimal places. What is the variance number with an average client size between $250,000 and $500,000? Round your answer to 2 decimal places. What is the probability that at least eight CPA financial advisors have an average client size between $250,000 and $500,000? Round your answer to 4 decimal places. What is the probability that none have an average client size between $500,000 and $1 million? Round your answer to 4 decimal places.
Transcribed Image Text:According to the accounting association, 30% of all CPA financial advisors have an average client size between $250,000 and $500,000. 37% percent have an average client size between $500,000 and $1 million. Suppose a complete list of all CPA financial advisors is available and 16 are randomly selected from that list. What is the expected number of CPA financial advisors that have an average client size between $500,000 and $1 million? Round your answer to 2 decimal places. What is the variance number with an average client size between $250,000 and $500,000? Round your answer to 2 decimal places. What is the probability that at least eight CPA financial advisors have an average client size between $250,000 and $500,000? Round your answer to 4 decimal places. What is the probability that none have an average client size between $500,000 and $1 million? Round your answer to 4 decimal places.
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